Ron Paul to Run for President

[SmootSmack]

That's not exactly what Rice said, but whatever run with it if you please

[Chico23231]

Originally Posted by SmootSmack

That's not exactly what Rice said, but whatever run with it if you please

Well, Bush "set up" Obama "to make this decision." You know, gave him a softball to knock out the park.

Out of the adiminstration, Rice was the best IMO. Tough. The puppeteers (aka Rumsfeld, Cheney, Rove) really werent as smart as they thought they were. Sometimes Bush was just set up to look like the village idiot, and I dont think that fair in some situation.

[SirClintonPortis]

The U.S's inflation rate has been quite tame ever since it Greenspan implemented a policy of transparency into the Fed.

Deflation MUST NOT occur if you actually want the economy to keep on chugging. When deflation occurs, people WILL NOT spend their money because they want to hold out until the can get even MORE bang for their buck. While people hold on to their "money", the companies still have to pay their expenses (operating and interest, etc). This can't last forever since the companies don't have unlimited sources of funds. Their source of funds are the consumers who are holding onto cash. Real GDP is just output, and if companies don't have income coming in, well, THEY AREN'T going to produce anything.

As for the Fed, I would rather have a lender of last resort and a moral hazard problem over banks becoming INSOLVENT(and yes, it has happened before, that's why the Fed even exists) and some [signifcant] group of people or organizations can't get their money.

[saden1]

Originally Posted by SirClintonPortis

The U.S's inflation rate has been quite tame ever since it Greenspan implemented a policy of transparency into the Fed.

Deflation MUST NOT occur if you actually want the economy to keep on chugging. When deflation occurs, people WILL NOT spend their money because they want to hold out until the can get even MORE bang for their buck. While people hold on to their "money", the companies still have to pay their expenses (operating and interest, etc). This can't last forever since the companies don't have unlimited sources of funds. Their source of funds are the consumers who are holding onto cash. Real GDP is just output, and if companies don't have income coming in, well, THEY AREN'T going to produce anything.

As for the Fed, I would rather have a lender of last resort and a moral hazard problem over banks becoming INSOLVENT(and yes, it has happened before, that's why the Fed even exists) and some [signifcant] group of people or organizations can't get their money.

How does Ron Paul's policy solve these problems? And do they create problems of their own?

[SirClintonPortis]

Originally Posted by saden1

How does Ron Paul's policy solve these problems? And do they create problems of their own?

My post was against a couple of Paul's principles. One, blaming inflation for for our woes. Now, I'm not too deep in knowledge about his platform, but he seems rather adamant about stopping it at all costs. If he's trying to "stop" inflation, that means it the inflation % must be brought down to 0% or less.

Two, he's trying to dismantle an institution that isn't that bad. His hardcore "must stop inflation" line would backfire on him and tossing the Fed sure wrecks the logistics of a lot of things, even little things like clearing checks. And, as I have already mentioned, if he doesn't want the Fed, then folks will have to live with the risks of bank runs and the risk of not getting any of their deposited money back.

[mlmpetert]

Originally Posted by SirClintonPortis

My post was against a couple of Paul's principles. One, blaming inflation for for our woes. Now, I'm not too deep in knowledge about his platform, but he seems rather adamant about stopping it at all costs. If he's trying to "stop" inflation, that means it the inflation % must be brought down to 0% or less.

Two, he's trying to dismantle an institution that isn't that bad. His hardcore "must stop inflation" line would backfire on him and tossing the Fed sure wrecks the logistics of a lot of things, even little things like clearing checks. And, as I have already mentioned, if he doesn't want the Fed, then folks will have to live with the risks of bank runs and the risk of not getting any of their deposited money back.

I don’t think his idea of dismantling the Fed would be a overnight thing, he just wants to return to the Gold Standard (which im against). I think your thoughts that there will be no oversight of banks and basic things like check clearing will go away are misguided. Paul and most other people don’t care about that they just don’t like that the Fed has the ability to manipulate our economy though various monetary tools.

The one thing I would be up for is to have the Fed audited, which I see as a why not type thing. I don’t think its going to reveal anything but I think transparency is one of the most important factors in government including a private bank which exercises monetary policy.

[Dirtbag59]

I beleive Ron Paul can be president


By the way magnets, how do they work?

[SirClintonPortis]

Originally Posted by Dirtbag59

I beleive Ron Paul can be president


By the way magnets, how do they work?

"I" before "e" except after "c".

[Dirtbag59]

Originally Posted by SirClintonPortis

"I" before "e" except after "c".

[Chico23231]

Hey Newt! How's that campaign going so far?

Newt Gingrich confronted over Paul Ryan comments - Political Hotsheet - CBS News

Newt Gingrich Debt To Tiffany's

No, Newt, your campaign's not just like Reagan's - Newt Gingrich - Salon.com


whoops!!!

[saden1]

YouTube - Presidential Candidate Newt Gingrich Glittered at Anti-Gay Event - Feel The Rainbow!

[mlmpetert]

Originally Posted by saden1

YouTube - Presidential Candidate Newt Gingrich Glittered at Anti-Gay Event - Feel The Rainbow!

Pretty funny.

I too dont know what to think of Newt, hes a odd ball. Even how he and his wife just continued to sign books like oh well sometimes you get glittered was wierd. Watching him on Fox as a pundit i used to wonder if he knew what the conversation was about. He kind of has old man ramblings syndrome.

[saden1]

I really don't know what to make of tis...very bizarre.

[12thMan]

Originally Posted by saden1

I really don't know what to make of tis...very bizarre.

I thought the same thing. I really don't know what to make of this anymore or what he actually stands for. One minute he's for invading Libya, then he flips. Then he's for the individual mandate, but on the other hand he wants to repeal Obamacare? Very bizzare.

[JPPT1974]

May not agree with his views true. But he does sound like a normal guy to me as well. As who knows what 2012 will take us?!